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Northern Trust Corp Hiring for Tech Coord IOO Job at Pune Full Time
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About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Working with Us:
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021:
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021:
- Gender Equality Index Member, Bloomberg
- Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMAN’S Magazine
We’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable companies! Build your career with us and apply today.
Summary
Summary
This role is based in the Investment Management Support (IMS) team. The team provides operational support in respect of handling account opening/ transitions events/ market opening/ client onboarding and other queries from the Investment Managers. The Position reports to the Team Leader/ Section Manager of the IMS, India team. Analytically and procedurally competent, representing the team on cross-function process or project deliverables.
Major Duties
- Opening the new accounts on behalf of the Investment Managers and ensure all the static set ups are in place before the account goes live with shared services teams (within NT), Custodians/ Agents, IOO Book of records, other internal applications (e.g.- WTS, TLM etc.), Interested third parties, if any involved and test the dummy cash entries in order to test the systems/ set ups readiness.
- If Investment Manager wishes to start trading any of the new markets, work closely with the custodians/ agents to ensure all the required documentation from regulatory or exchange’s stand point is in place at the custody level and to open the required depot, nostro accounts, set up the Tax IDs, Depository participants, and market identifiers beforehand.
- Work closely with the custodians to have the Standing Instructions (SIs) & Standard settlement instructions (SSIs) in place and perform the periodic audits for the same.
- Assist Investment Managers to perform the inter-portfolio/ inter-depot (custody) movements in order to facilitate the client’s investment strategies.
- Involvement in performing quality checks and internal audits as per requirement
- Responsible for identifying and resolving problems within established guidelines
- Works effectively as a team member but also independently drive initiatives/projects
- Attain knowledge of the core aspects of the job
- Building effective working relationship with off-shore partners and other relevant partner areas
- Provides hands on training for new staff and cross training for experienced staff
- Flexible for stretch assignments and shift timings.
Knowledge/Skills
Attention to detail, ability to perform stringent and exhaustive secondary review responsibilities, excellent communication and coordination skills. Ability to work in demanding situations with time sensitive deadlines. Ability to interpret complex process guidelines/handle exceptions while processing.
Excellent communication skills required.
Attention to detail, ability to perform stringent and exhaustive secondary review responsibilities, excellent communication and coordination skills. Ability to work in demanding situations with time sensitive deadlines. Ability to interpret complex process guidelines/handle exceptions while processing.
Excellent communication skills required.
Experience Required
- A minimum of 2 years’ experience as a Senior Analysts with a proven track record / Technical Co-ordinator with 1 year of experience in Transitions or end to end settlement/ operations domain.
- People with relevant experience on Banking operations/ Transitions services/ account/ market opening/ client onboarding having exposure to work on the Investment Manager or custody’s end will be preferred.
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